The Rapidly Falling Deficit-- A Failure???

[Jermyn Davidson]

Originally Posted by ILG

I'm not sure what to think. The author could be right. It seems like the right course is perhaps stimulus during recession but then cutting back afterwards. It seems like they never get around to the cutting back part...

Thanks for commenting!

For real.
Sincerely.


There are conservatives out there that still argue that no stimulus was necessary at all.

However, the Great Depression was so bad and dragged on for so long becuase the government refused to intervene.

When Bear Stearns failed and the markets tanked, GWB saw the writing on the wall.